What risks were taken by jamsetji?

Answer 1

Jamsetji Tata took significant risks in establishing the Tata Group, particularly in venturing into industries that were largely untested in India, such as steel and hydroelectric power. He invested heavily in setting up the Tata Steel plant in Jamshedpur, despite the challenges of securing funding and technology at the time. His vision extended beyond immediate profits, focusing on long-term industrial development and social progress, which involved considerable financial and reputational risks. These bold moves laid the foundation for India's industrialization, but they also carried the potential for substantial loss if they failed.